It also might be worthwhile to point out that Buffett says that his *favorite* holding period is forever. Just following the logical bread crumbs you've laid out very well here, it's easy to see that "favorite" and "only" aren't remotely close to the same thing.
I think people (myself included) have tended to read Buffett's quote as "only", but that's definitely not what it says.
I think I first read through Buffett's letters some time around 2015. It took some time to get through all of them, but even longer to sort of digest all these new ideas. I'm getting there!
This was a good one to read.
It also might be worthwhile to point out that Buffett says that his *favorite* holding period is forever. Just following the logical bread crumbs you've laid out very well here, it's easy to see that "favorite" and "only" aren't remotely close to the same thing.
I think people (myself included) have tended to read Buffett's quote as "only", but that's definitely not what it says.
ya got it. this was more of a in-principle understanding of the value investing concept.
I think I first read through Buffett's letters some time around 2015. It took some time to get through all of them, but even longer to sort of digest all these new ideas. I'm getting there!